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Listed by:

Transworld Business Advisors Birmingham SW

Retail Variety And Special Occasion Business In Alabama For Sale

Alabama, US
Asking Price:
$623,642 Furniture / Fixtures included
Sales Revenue:
$1,146,867
Cash Flow:
$209,332

Total Inventory is excluded from the purchase price and will be subject to buyer review. See Broker for further details.

The business is a specialty variety gift store mainly providing special occasion products and accessories to retail clients. The store has been in business 6 years establishing a reoccurring customer base while creating consistent same day sales activity. The store location has over 2,200 SFT of floor space for retail sales coupled with an E-Commerce Shopify platform for servicing and selling to online customers. The store has access to premier retail lines and vendors, further helping the store build brand with its existing client base thus reflecting increases in year-over-year gross and operating profit margins. The store has a growing digital following through social media platforms, which due to their brand and great service they continue to increase their followers each year.

The store has a ready-made staff with management in place while achieving minimal employee turnover. The location has great visibility with sufficient parking located in a high growth area in order to continue to support additional sales year-over-year. This is a great opportunity for an owner operator business owner or an absentee investor to further increase sales and profitability while having a long-term lease agreement in place. The store was renovated several years ago achieving additional efficiencies reflecting above industry sales per foot metrics, which they continue to increase their customer return rate.

Property Information

Location:

Strip Mall
Monthly rent plus CAM. The lease is going on 2.5 years into a 10-year lease agreement which has an initial 4-year term and 2 three-year extensions.

Business Operation

Expansion Potential:

Update for more E-Commerce
More marketing of the store/reputation. Most is floor store. 2% of sales is on-line store. More money in marketing to get more recurring revenues.

Reasons for selling:

family

Trading hours:

9:30AM-5PM M-F 10AM-5PM Sat

Employees:
16
Years established:
2018

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$67,928 - included in the asking price